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Valid until 30 Sep 2022 Commercial project

KSB OLYMPIA PHASE B

By KSB OLYMPIA

RG-GJ-23598 · RERA PR/GJ/SURAT/SURAT CITY/SUDA/CAA02499/A1C/210921 · Last updated on GujRERA portal: 14 Dec 2021

Source: official GujRERA filing

Red flags

  • No red flags in this filing

Clear

  • Completion date never moved
  • Separate project account declared
Sep 2022Possession promisedno revision filed
9 of 9Construction stages doneevery applicable stage filed complete
32 of 140Units unsoldnot recorded sold or booked
Jump to the 38 documents Report an error

KSB OLYMPIA PHASE B is a Commercial project by KSB OLYMPIA in Surat, Gujarat, registered with GujRERA as PR/GJ/SURAT/SURAT CITY/SUDA/CAA02499/A1C/210921 on 25 Apr 2018. Possession is promised by 30 Sep 2022. 108 of the 140 units on this registration are recorded sold or booked, and 9 of 9 construction stages are filed complete.

At a glance

Project

  • NameKSB OLYMPIA PHASE B
  • TypeCommercial
  • Location
    • R S NO 159 BLOCK NO 171 O P NO 2 F P NO 2
    • KAILASH CHOWKDI NEAR D-MART BAMROLI SURAT
    • Bamroli
    • Surat City
    • Surat
    • 394210
  • Pincode394210
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PR/GJ/SURAT/SURAT CITY/SUDA/CAA02499/A1C/210921
  • ReraGenie IDRG-GJ-23598

Builder

  • NameKSB OLYMPIA
  • Entity typePARTNERSHIP FIRM

Key dates

this monthRegisteredApr 2018PromisedSep 2022

Key facts

Registration and timeline

  • StatusValid until 30 Sep 2022
  • Registered on25 Apr 2018
  • Promised completion30 Sep 2022
  • Revised completionNone
  • Buildings1 building record
  • Documents filed38 files

Current status

77%108 of 140 units booked
100.0%Of the estimated cost spent so far

Figures as on 14 Dec 2021, this project's latest GujRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
PHASE B---0134140

The full filing

Everything below is from the project's own GujRERA filing, free to read.

Construction progress by building1

As on 14 Dec 2021, the date of the latest filing. The RERA activity checklist for each building, from the promoter's latest quarterly progress filing. These are the promoter's own figures, not an independent inspection.

9 of 9 construction stages are filed complete.

PHASE B: 100% average across the applicable activities

ActivityProgress
Excavation100%
Podiums (if any)Not applicable
Plinth100%
Stilt Floor100%
Slabs of Super Structure100%
Internal walls, internal plaster, floorings, doors and windows within flats100%
Sanitary fittings within the flats100%
Staircases, lift wells and lobbies at each floor level, overhead and underground water tanks100%
External plumbing and external plaster, elevation, completion of terraces with waterproofing100%
Installation of lifts, water pumps, fire fighting fittings, electrical fittings and finishing100%

Progress on shared amenities19

As on 14 Dec 2021, the date of the latest filing. Lifts, roads, water and the other shared works, from the same quarterly filing, and reported by the promoter rather than inspected.

Common facilityProposedProgress
Internal roads and footpathsYes100%
Water supplyYes100%
Sewerage (chamber, lines, septic tank, STP)Yes100%
Storm water drainsYes100%
Landscaping and tree plantingYes100%
Street lightingYes100%
Community buildingsNoNot applicable
Treatment and disposal of sewage and sullage waterYes100%
Solid waste management and disposalNoNot applicable
Water conservation, rain water harvestingYes100%
Energy managementNoNot applicable
Fire protection and fire safety requirementsYes100%
Electrical meter room, sub-station, receiving stationYes100%
Fire fightingYes100%
Drinking water facilitiesYes100%
Emergency evacuationNoNot applicable
Use of renewable energyNoNot applicable
SecurityYes100%
Letter boxNoNot applicable

Land and ownership

This page carries no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.

Land area12,960 sq m

Project account and cost

70 percent of buyer money must sit in the project account, so check that your agreement for sale names a designated account for this project and pay into that account only.

Separate project accountDeclared
Estimated costRs 20.25 cr
Cost incurredRs 20.25 cr
Spent of the estimate100.0%
BuildingWingEstimatedIncurred
PHASE BNARs 20.25 crRs 20.25 cr

Documents filed38

As listed on the registration, under the names the promoter filed them with. The files themselves are available at source: search the registration number PR/GJ/SURAT/SURAT CITY/SUDA/CAA02499/A1C/210921 on the GujRERA portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
Architect's certificate (Form 1)14 Dec 2021
Engineer's certificate (Form 2)14 Dec 2021
Engineer's certificate annexure14 Dec 2021
Accountant's certificate (Form 3)14 Dec 2021
Site photograph, PHASE B14 Dec 2021
RERA registration certificate25 Apr 2018
Proforma agreement for sale-
Auditor's report (1 of 3)-
Auditor's report (2 of 3)-
Auditor's report (3 of 3)-
Income tax return (1 of 3)-
Income tax return (2 of 3)-
Income tax return (3 of 3)-
Project specific document-
Directors' report (1 of 3)-
Directors' report (2 of 3)-
Directors' report (3 of 3)-
Commencement certificate-
Approved sanctioned plan-
Approved layout plan-
Agreement-
Land location-
Encumbrance certificate-
Area development document-
Proforma allotment letter-
Brochure-
Project related document-
Declaration in Form B-
Project photograph-
Audited balance sheet (1 of 3)-
Audited balance sheet (2 of 3)-
Audited balance sheet (3 of 3)-
Audited profit and loss statement (1 of 3)-
Audited profit and loss statement (2 of 3)-
Audited profit and loss statement (3 of 3)-
Cash flow statement (1 of 3)-
Cash flow statement (2 of 3)-
Cash flow statement (3 of 3)-

How this compares with Surat

77%of this project is bookeddistrict median 39%
15%of Surat projects moved their completion datethis one has not

Computed across the 2,600+ Surat projects on ReraGenie, from their own filings.

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Other projects near Bamroli2,600+ in Surat

2 kmKSB OLYMPIA PHASE BOther 38Dot size: filed unitsN

Filed coordinates, straight-line distance. 38 registered projects within 2 km.

Builder: KSB OLYMPIA

KSB OLYMPIA has 1 registration on GujRERA, including KSB OLYMPIA PHASE B. Read the full track record. See more projects on the Surat district page.

Frequently asked questions

What are my rights if KSB OLYMPIA PHASE B is delayed beyond 30 Sep 2022?

Under section 18 of the RERA Act you may stay in the project and claim interest for every month of delay, at the rate the state's RERA rules prescribe, or exit and claim a full refund with interest. Claims are filed as complaints with GujRERA.

How do I verify and contact the developer of KSB OLYMPIA PHASE B?

The registered promoter entity is KSB OLYMPIA, a partnership firm as per the filing. Your agreement for sale must name this exact entity, not a group brand name. The promoter's registered address and contact details are on the project's GujRERA listing and in its filed documents.

Is my payment protected in KSB OLYMPIA PHASE B?

Partly, by law. 70 percent of every buyer payment must go into the project's designated bank account, withdrawable only against architect, engineer and CA certificates as construction progresses. Separately, a promoter cannot take more than 10 percent of the price before signing a registered agreement for sale (section 13). Neither rule guarantees completion; they limit how far your money can travel from the project.

What should I check before booking in KSB OLYMPIA PHASE B?

Four things this page cannot decide for you: that the carpet area in your agreement matches the filed carpet area; that the agreement follows the model agreement under the state's RERA rules, with deviations highlighted; the promoter's record on their other projects, not just this one; whether construction progress keeps pace with sales in the coming quarters.

Spotted something wrong on this page, or want to tell us what would make it more useful? Every page here is built from what the promoter filed on GujRERA, and we read every report.

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